WallStSmart

St Joe Company (JOE)vsSBA Communications Corp (SBAC)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

SBA Communications Corp generates 448% more annual revenue ($2.82B vs $513.25M). SBAC leads profitability with a 37.4% profit margin vs 22.5%. SBAC trades at a lower P/E of 17.0x. JOE earns a higher WallStSmart Score of 68/100 (B-).

JOE

Strong Buy

68

out of 100

Grade: B-

Growth: 9.3Profit: 8.0Value: 7.7Quality: 6.3
Piotroski: 6/9Altman Z: 1.82

SBAC

Buy

57

out of 100

Grade: C

Growth: 6.0Profit: 8.0Value: 7.3Quality: 3.8
Piotroski: 4/9Altman Z: -0.14
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

JOEUndervalued (+26.4%)

Margin of Safety

+26.4%

Fair Value

$93.13

Current Price

$61.61

$31.52 discount

UndervaluedFair: $93.13Overvalued
SBACUndervalued (+58.4%)

Margin of Safety

+58.4%

Fair Value

$459.11

Current Price

$165.15

$293.96 discount

UndervaluedFair: $459.11Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

JOE4 strengths · Avg: 9.3/10
Operating MarginProfitability
30.6%10/10

Strong operational efficiency at 30.6%

EPS GrowthGrowth
59.4%10/10

Earnings expanding 59.4% YoY

Profit MarginProfitability
22.5%9/10

Keeps 23 of every $100 in revenue as profit

Revenue GrowthGrowth
23.5%8/10

Revenue surging 23.5% year-over-year

SBAC4 strengths · Avg: 9.5/10
Profit MarginProfitability
37.4%10/10

Keeps 37 of every $100 in revenue as profit

Operating MarginProfitability
52.4%10/10

Strong operational efficiency at 52.4%

EPS GrowthGrowth
115.6%10/10

Earnings expanding 115.6% YoY

P/E RatioValuation
17.0x8/10

Attractively priced relative to earnings

Areas to Watch

JOE2 concerns · Avg: 4.0/10
P/E RatioValuation
31.0x4/10

Premium valuation, high expectations priced in

Altman Z-ScoreHealth
1.824/10

Grey zone — moderate risk

SBAC4 concerns · Avg: 2.8/10
Revenue GrowthGrowth
3.7%4/10

3.7% revenue growth

Return on EquityProfitability
0.0%3/10

ROE of 0.0% — below average capital efficiency

PEG RatioValuation
3.912/10

Expensive relative to growth rate

Altman Z-ScoreHealth
-0.142/10

Distress zone — elevated risk

Comparative Analysis Report

WallStSmart Research

Bull Case : JOE

The strongest argument for JOE centers on Operating Margin, EPS Growth, Profit Margin. Profitability is solid with margins at 22.5% and operating margin at 30.6%. Revenue growth of 23.5% demonstrates continued momentum.

Bull Case : SBAC

The strongest argument for SBAC centers on Profit Margin, Operating Margin, EPS Growth. Profitability is solid with margins at 37.4% and operating margin at 52.4%.

Bear Case : JOE

The primary concerns for JOE are P/E Ratio, Altman Z-Score.

Bear Case : SBAC

The primary concerns for SBAC are Revenue Growth, Return on Equity, PEG Ratio.

Key Dynamics to Monitor

JOE profiles as a growth stock while SBAC is a value play — different risk/reward profiles.

JOE carries more volatility with a beta of 1.36 — expect wider price swings.

JOE is growing revenue faster at 23.5% — sustainability is the question.

SBAC generates stronger free cash flow (241M), providing more financial flexibility.

Bottom Line

JOE scores higher overall (68/100 vs 57/100), backed by strong 22.5% margins and 23.5% revenue growth. SBAC offers better value entry with a 58.4% margin of safety. Both earn "Strong Buy" and "Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

St Joe Company

REAL ESTATE · REAL ESTATE - DIVERSIFIED · USA

The St. Joe Company is a real estate development, asset management and operation company in Northwest Florida, USA. The company is headquartered in Panama City Beach, Florida.

SBA Communications Corp

REAL ESTATE · REIT - SPECIALTY · USA

SBA Communications Corporation is a real estate investment trust which owns and operates wireless infrastructure in the United States, Canada, Central America, South America, and South Africa.

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